Descriptive Statistics and Graphical Displays Valencia Orange Price Comparison You have been hired as a consultant to determine...

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Basic Math

Descriptive Statistics and GraphicalDisplays

Valencia Orange Price Comparison

You have been hired as a consultant to determine who ABC GroceryStore should be ordering Valencia Oranges from.

To: Statistician

From: ABC Grocery Store

Please advise us on which company to use as our orangedistributor. Three highly recommended distributors have provided uswith statistical data on the weekly prices for one load of Valenciaoranges per week for a ten-week period last year. Prices fluctuateaccording to availability, and we would like to use the companywith the lowest overall price and the least amount of fluctuation.We would like your written report showing your results and adetailed recommendation as to which company we should choose.

Thank you.

Here are the prices, listed as price in dollars per crate:

Week

The Fruit Guys

Sunny Oranges

Tree Groves

1

350

345

345

2

350

295

340

3

310

325

310

4

330

315

290

5

340

290

305

6

290

305

290

7

305

300

320

8

315

315

320

9

325

340

300

10

355

350

359

You must type in and analyze the data for each company.

Helpful directions:

  1. Analyze the data for each company: frequency, relativefrequency, mean, median,******* (ONLY complete the mode,standard deviation and range because below I am going to list myanswers for the frequency, relative frequency, mean andmedian)
  2. You need to decide which statistics to compare to determine theoverall lowest price and the least fluctuation. Create and includeat least two charts that will be useful to best support yourconclusions.
  3. Write a brief informative letter in response to the requestfrom ABC Grocery answering their request. Be sure to include:
    1. A very detailed explanation of the data and the conclusions youcame to. You should use the statistics youcalculated to make this decision.
    2. Charts to support your explanation.
  4. Attach copies of the Excel pages or embed the Excel work inyour letter of response.

Answer & Explanation Solved by verified expert
3.6 Ratings (676 Votes)
The descriptive statistic is obtained in excel by followingthese stepsStep 1 Write the data values in excel The screenshot is shownbelowStep 2DATA Data Analysis Descriptive Statistic OK The screenshot is shown belowStep 3 Select Input Range All the column tick on the Summarystatistic The screenshot is shown belowThe    See Answer
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